Title :
Distribution Companies of the Future
Abstract :
This paper defines a narrow sense (NS) Pareto optimality and shows that the NS Pareto optimality is equivalent to a Nash equilibrium for electricity producers. It claims that a vector optimization is a generalized multi-objective optimization, which can be solved using the Kuhn-Tucker vector optimization theorem (KTVOT). The paper establishes a mathematical relationship between the Pareto optimality, the Nash-Cournot gaming, and KTVOT, based on a gaming model for deregulated electricity markets.
Keywords :
Pareto distribution; electricity supply industry deregulation; game theory; optimisation; Kuhn-Tucker vector optimization theorem; Nash equilibrium; Nash-Cournot gaming; deregulated electricity markets; electricity producers; gaming model; mathematical relationship; narrow sense Pareto optimality; Brushless DC motors; Commutation; Electricity supply industry deregulation; Electrons; Friction; Mathematical model; Microeconomics; Nash equilibrium; Pareto optimization; Voltage;
Journal_Title :
Power Engineering Review, IEEE
DOI :
10.1109/MPER.2002.1098048
